The Bank of Canada has two more interest rate announcements this year. One later this month and another in December. Although the U.S. economy has recently showed signs of strength, the BoC has said it is willing to diverge from the Federal Reserve on monetary policy when Canadian economic conditions warrant it. We know that the Canadian unemployment… Read More »
How the stock market behaves after a Fed pivot Last week’s 0.50% rate cut by the Federal Reserve signals the start of falling interest rates for months to come. Usually lower rates represent a good sign for the stock market. But because the US economy is slowing down, we are probably witnessing a top forming in the S&P… Read More »
Recession around the corner Hey folks. Sorry I’ve been away for awhile. I took a long hiatus from blogging after my vacation from earlier this year. My toddler just started daycare this week so I now have time to get back into writing on a regular basis. 🙂 The stock markets in Canada and the US have both… Read More »
The S&P 500 continues to reach new highs on a weekly basis. But a major top could be forming right now. One of the most reliable indicators to anticipate market tops and bottoms has been the bullish percent index. The BPI is a breath indicator that uses a point & figure chart to determine when markets are overvalued… Read More »
The S&P 500 hit a record high this week of 4850 points. And it may continue moving even higher. 😀 But this doesn’t mean the overall stock market is doing well. In fact the Russell 2000, which is a more inclusive index of US stocks, is still down about 15% from its all time high back in late… Read More »
Welcoming 1.2 million new people this year Happy holidays, everyone. 🎅 With a new year comes new challenges and opportunities. But one thing that won’t change much in 2024 is the rate of immigration, lol. The government recently decided to plateau its long-term immigration targets, gradually increasing the amount of new permanent residents from 465,000 in 2023 to… Read More »